/biz/ - Business & Finance

>>53754861
A digital cash-like currency is pretty neat if you ask me
Actual game changer

>>49270199
Drugs are spread to weaken society.
Monero is used to strengthen society.
They have completely different outcomes in individual impact. If you want to use a slightly better analogy, make the comparison with firearms that similarly to sound money also provide you with greater freedom. In countries where you can get one, there is constant pressure to ban guns, and in the rest of the world firearms are banned for ordinary citizens while governments have a monopoly on manufacture and use. Something similar could happen with monero.

>>29818089
thing is, monero is useful. it's so useful that now even bitcoin maximalists are saying that monero has "utility" but that's it, and it's not as pristine as bitcoin. laughing my ass off. you might be wondering how monero is useful, so let me tell you, because once you've actually used it, you'll understand. I've moved money in quantities and across boarders that is literally impossible any other way. from a cell phone, in a foreign country, on a train, privately, instantly, and without permission or oversight. this tool is incredibly powerful. world changing. infuckingcredible. this genie is never going back in it's bottle.

>In its present state, it may not be convenient for transactions, not good enough to buy your decaffeinated expresso macchiato at your local virtue-signaling coffee chain. But its mere existence is an insurance policy that will remind governments that the last object establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future. - Nassim Taleb

crypto isn't about coffee (not yet anyway). it's sex, drugs and rock and roll. the demand is denominated in trillions.

>>29438418
Merchants of all kinds have come to value the financial privacy that Monero brings. Below is a list of the merchants that we know of that currently accept Monero for their goods and services.
https://www.getmonero.org/community/merchants/

>>29190645
>KYC
Know Your Costumer regulation that requires you to send your passport, documentation, photo, video, your ass, etc. That means you are abandoning your privacy to put your hands on some XMR.

>>28872494
>not a coin you should use to speculate short term.
don't mind me speculating that this coin is severely undervalued at <1% BTC, there are some easy 50x to be made 'short term' before XMR tries to overtake BTC.

>>28711614
>XMR will eventually have massive blocks to meet transactional demand. If non-mining """"""""nodes"""""""" protest and miners capitulate to their faggotry we'll soon see massive fees and day long transaction times.
What is dynamic block size?
https://localmonero.co/knowledge/dynamic-block-size

>>28711990
Using a public remote node has its risks. The primary risk is that a public remote node can get your IP address. If a public remote node is malicious, the node operator now can associate a transaction with an IP address. They could also know that there is a user of monero with an ACTIVE wallet at a given IP address. They could then scan your IP address to try and identify any open ports. If they find any open ports, they can test these ports to see if they can get in to your computer. Granted, this is true of ANY IP address that can be obtained from the monero peerlists.
There's an active attack vector. The attack is pretty straightforward: when the wallet requests data from the remote node to create a transaction, the remote node sends bogus data in response. This results in an error message displayed to the user. If the user clicks through the error and retries the transaction a second time, this immediately reveals the real input to the remote node. Mitigations: If you see *ANY** error message after attempting a transaction, DISCONNECT from that remote node and DO NOT try your transaction again right away.*

TL;DR, run your own node. If you can't, make sure you have good firewalls, wallet passwords, and malware scanners.

>>12037797
that's the spirit! the Monero Research Lab is easily one of the best places where you can find the brightest minds. their IRC channel is full of interesting conversations and even some cool Bitcoin peeps like gmaxwell and luke stay there sometimes.